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The Latest Breaking News from Colm Kelleher

Basel Committee Pushes For Crypto Asset Disclosure In Banking Sector

BCBS aims to increase transparency and oversight as digital assets gain prominence

Zenger

UBS reaps windfall gain from Credit Suisse deal after Swiss bank buys rival for $29 billion discount

UBS paid far too little for the assets of its cross-town rival when it agreed to a shotgun wedding for the bargain basement price of just $3.4 billion.

Fortune

UBS bosses urged to avoid job cuts and hikes in their pay after Credit Suisse deal

Shareholders line up at AGM to criticise creation of $5tn mega-bank after takeover of smaller rival

The Guardian - UK

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UBS says Credit Suisse merger the right choice despite risks

Basel (Switzerland) (AFP) - UBS chiefs told shareholders on Wednesday that the Swiss bank's emergency takeover of beleaguered rival Credit Suisse was a "Herculean task" strewn with risks -- but still the right decision.

AFP

UBS shareholders to weigh in on Credit Suisse mega-merger

Geneva (AFP) - UBS shareholders get their first chance to grill the bank's bosses Wednesday over its shotgun marriage to Credit Suisse, done in double-quick time behind their backs.

AFP

Sergio Ermotti: George Clooney of Swiss banking back as UBS boss

Zurich (AFP) - Sergio Ermotti, back as chief executive of UBS to oversee the mammoth takeover of Credit Suisse, has gone from local apprentice to the two-time boss of a top global bank.

AFP

UBS former CEO returns to handle 'huge' Credit Suisse takeover risks

Zurich (AFP) - UBS announced Wednesday it will bring back former chief executive Sergio Ermotti to handle the huge risks involved in the Swiss banking giant's controversial absorption of troubled rival Credit Suisse.

AFP

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Switzerland brings back its most successful banker to steer the merged UBS-Credit Suisse behemoth

Heeding the "call to duty," Lugano native Sergio Ermotti returns to his old post as CEO of the Swiss wealth manager to navigate it through choppy waters.

Fortune

Stock markets jump on easing bank fears, Alibaba restructure

London (AFP) - Stock markets rose solidly Wednesday on easing fears of contagion from the banking crisis.

AFP

Ermotti back as UBS CEO to handle Credit Suisse takeover risks

AFP

UBS brings back former chief to oversee Credit Suisse takeover

Sergio Ermotti, who stepped down in 2020, will rejoin Swiss bank as it prepares to absorb troubled rival

The Guardian - UK

UBS brings back former CEO with Credit Suisse deal ahead

UBS says it’s bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse

The Independent UK

Jobs at risk after UBS takeover of Credit Suisse; FTSE 100’s biggest rally of 2023 – as it happened

UBS’s rescue of Credit Suisse is expected to result in tens of thousands of job cuts, while bank shares are recovering today on both sides of Atlantic

The Guardian - UK

The Last Hours of Credit Suisse (as They Might Have Gone)

Here's an imaginary depiction of the talks that sealed the fate of Credit Suisse, a 167-year-old European bank.

The Street

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Fortune

Credit Suisse collapsed weeks after receiving a clean bill of health from regulators

The Swiss lender with nearly $575 billion in total assets collapsed at first slowly, then all at once.

AFP

UBS announces Credit Suisse buyout to calm markets, but Asian equities sink

Bern (Switzerland) (AFP) - UBS is set to take over its troubled Swiss rival Credit Suisse for $3.25 billion following weekend crunch talks aimed at preventing a wider international banking crisis, but Asian equities sank Monday on lingering worries about the sector.

AFP

UBS takeover of Credit Suisse: the main points

Zurich (AFP) - The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity.

The Street

UBS-Credit Suisse Merger May Lead to Massive Layoffs

The merger of two Swiss banks will result in layoffs in Switzerland and the U.S.

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news in one place.

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AFP

UBS takes over Credit Suisse in move to calm the markets

Bern (Switzerland) (AFP) - UBS is set to take over its troubled Swiss rival Credit Suisse for $3.25 billion following weekend crunch talks aimed at stopping the stricken bank from triggering a wider international banking crisis.

AFP

UBS in $3.25bn takeover of Credit Suisse

Bern (Switzerland) (AFP) - UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the stricken bank from triggering a wider international banking crisis.

The Street

UBS Acquires Credit Suisse for More Than $3 Billion

Swiss authorities announced on Sunday that UBS will acquire its rival to restore market confidence.

Fortune

‘Inherently speculative … slightly crazy’: Davos bigwigs snipe at crypto and call for more regulation

Senior Minister Tharman Shanmugaratnam of Singapore said instead of regulating crypto it may be better to emphasize it’s unregulated so investors can make their own decisions.

AFP

Top Chinese regulator urges investors to avoid foreign news

Hong Kong (AFP) - Investors should avoid reading international press coverage of China's economy, a top Chinese securities regulator told a summit of global bankers on Wednesday in comments that received endorsement from two senior executives.

AFP

'Law and order returned' Hong Kong's US-sanctioned leader tells bankers

Hong Kong (AFP) - Hong Kong's US-sanctioned leader said political stability and business confidence have been restored following the crushing of democracy protests, as he opened a summit on Wednesday attended by global bankers including leading Wall Street executives.

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